Remarks by Assistant Secretary for Financial Institutions Graham Steele at the George Washington University Law School Business & Finance Law Program

As Prepared for Delivery Introduction Thank you, Professor Bearer-Friend, for that kind introduction.  It is nice to be back at GW Law for the first time in a long time.  I want to thank the friends and colleagues who are here today, particularly Bharat, who was gracious enough to agree to join me for a […]

READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Travel to Italy

ROME – From January 15-17, Deputy Secretary of the Treasury Wally Adeyemo traveled to Rome, Italy to meet with government officials and private sector representatives at the start of Italy’s G7 presidency. The Deputy Secretary reiterated that the United States looks forward to the G7’s efforts to tackle pressing global challenges, including the climate crisis, poverty, food insecurity, […]

OCC Announces Enforcement Actions for January 2024

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against national banks and federal savings associations (banks), and individuals currently and formerly affiliated with banks the OCC supervises. The OCC uses enforcement actions against banks to require the board of directors and management to take timely actions to correct the […]

Treasury Sanctions Former Guatemalan Official for Engaging in Mining-related Corruption

WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Alberto Pimentel Mata (Pimentel) for his role in exploiting the Guatemalan mining sector through widespread bribery schemes, including schemes related to government contracts and mining licenses. Pimentel is being designated pursuant to Executive Order (E.O.) 13818, which builds upon and implements […]

Remarks by Secretary of the Treasury Janet L. Yellen at the U.S. Conference of Mayors Winter Meeting

As Prepared for Delivery Good morning and thank you, Hillary, for the introduction. I’m glad to start this new year by reflecting on the strong partnership this Administration has had with cities and states.  But first I’d like to address what’s happening in Congress. Failing to fund the government by this Friday’s deadline would harm […]

READOUT: Secretary of the Treasury Janet L. Yellen Meets with U.S. Mayors to Discuss Historic Economic Recovery

WASHINGTON – Today, U.S. Secretary of the Treasury Janet L. Yellen met with several mayors at the U.S. Conference of Mayors to discuss the historic recovery and strength of the U.S. economy, in large part due to federal partnerships with state and local governments in implementing the American Rescue Plan and the President’s historic suite […]

READOUT: Under Secretary for International Affairs Jay Shambaugh’s Call with Minister of Finance Situmbeko Musokotwane of Zambia

WASHINGTON – Today, Treasury Under Secretary for International Affairs Jay Shambaugh spoke with Zambian Minister of Finance and National Planning Situmbeko Musokotwane.  They discussed Zambia’s ongoing debt restructuring under the Common Framework and efforts to finalize negotiations with all remaining creditors.  Under Secretary Shambaugh welcomed Zambia’s performance to date under its IMF program and encouraged […]

Update on Treasury’s Approach to Equitable Community Finance

Graham Steele, Assistant Secretary for Financial Institutions Over the past few years, the field of community finance has been transformed both by the historic scale of federal investments and policies focused on supporting equitable economic growth. During the Biden-Harris Administration, the Treasury Department has focused on unlocking the economic potential of financially underserved communities across […]

MEDIA ADVISORY: Deputy Secretary of the Treasury Wally Adeyemo to Travel to Key G7 Countries

WASHINGTON – From January 15th – 23rd, Deputy Secretary of the Treasury Wally Adeyemo will travel to key G7 partners to continue close collaboration on holding Russia accountable for its war against Ukraine. During bilateral meetings and official engagements in Rome, Italy; Berlin and Frankfurt, Germany; and Tokyo, Japan, Deputy Secretary Adeyemo will build on the […]

Treasury Targets Commodity Shipments Financing Iran’s Qods Force and Houthis

WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated two companies in Hong Kong (PRC) and the United Arab Emirates for shipping Iranian commodities on behalf of the network of Iran-based, Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF)-backed Houthi financial facilitator Sa’id al-Jamal. OFAC is also identifying four vessels as […]